Irish Inflation Rate Eases to 0.2% in March



The consumer price inflation in Ireland eased to 0.2 percent year-on-year in March 2018 from 0.5 percent in the previous month, as transport prices rose at a slower pace while cost of miscellaneous goods and services fell further.

Year-on-year, prices increased at a softer pace mainly for both transport (0.1 percent vs 0.7 percent in February), and alcoholic beverages and tobacco (2.7 percent vs 3 percent). In addition, downward pressure came from: miscellaneous goods and services (-3.6 percent vs -2.5 percent); food and non-alcoholic beverages (-1.8 percent, the same pace as in February); recreation and culture (-0.8 percent vs -0.7 percent); furnishings, household equipment and routine household maintenance (-4.8 percent vs -3.5 percent); clothing and footwear (-3 percent vs -2.8 percent); and health (-0.1 percent vs -0.2 percent).

On the other hand, inflation picked up for housing and utilities (4.6 percent vs 4 percent), and was unchanged for: restaurants and hotels (at 2.3 percent); communications (at 0.5 percent); and education (at 1.6 percent).

Annual core inflation rate, which excludes energy and unprocessed food, fell to 0.1 percent in March from 0.4 percent in February.

On a monthly basis, consumer prices went up 0.3 percent, after a 0.9 percent surge in February. The most significant monthly price changes were increases in clothing and footwear (1.6 percent), transport (1.5 percent) and restaurants and hotels (0.9 percent). There were decreases in miscellaneous goods and services (-0.9 percent), furnishings, household equipment and routine household maintenance (-0.9 percent) and alcoholic beverages and tobacco (-0.6 percent).

The harmonised index of consumer prices rose by 0.5 percent from the previous year; and by 0.4 percent from the previous month.

Irish Inflation Rate Eases to 0.2% in March


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/12/2018 10:21:37 AM